London Daily

Focus on the big picture.
Friday, Oct 10, 2025

Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida

Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida

Miami Mayor Francis Suarez has a message to Chinese Bitcoin miners facing regulatory crackdown in China: Miami could offer cheap nuclear energy to mine bitcoin.

Miami Mayor Francis Suarez said to CNBC that Miami has open doors to Chinese bitcoin miners who have recently faced a crackdown from officials in their home country.

Suarez commented:

“We want to make sure that our city has an opportunity to compete. We’re talking to a lot of companies and just telling them, ‘Hey, we want you to be here.’”

Suarez, an advocate of Bitcoin who has publicly declared that he holds the asset, has been taking deliberate measures to get Miami one step ahead of other American cities by integrating Bitcoin and other disruptive technologies into the city’s operations. As a result, his city can already be considered a hotbed for the most significant cryptocurrency – Miami’s website hosts the Bitcoin white paper, and the city held the largest Bitcoin conference of all time, Bitcoin 2021, earlier this month.

In addition, Miami residents could soon be able to pay taxes with bitcoin.

Suarez is now seeking to bring Bitcoin’s most critical industry to his city. Although he says he hasn’t personally received calls from Chinese miners, the mayor wants to leverage Miami’s supply of clean, cheap nuclear energy.

“The fact that we have nuclear power means that it’s very inexpensive power. We understand how important this is … miners want to get to a certain kilowatt price per hour. And so we’re working with them on that.”

Nuclear energy is one the state of Florida’s biggest power generators, second only to natural gas, according to CNBC. And the mayor is seeking ways to lower energy costs even more. According to the report, Suarez “is already in talks with Florida Power & Light Company to figure out how to further drive down the price of energy.”

Furthermore, the mayor is reportedly also considering setting up enterprise zones specifically for bitcoin mining. Enterprise activities in such zones would reap the benefits of special tax concessions, infrastructure incentives and scaled-back regulations. The hope is that these enterprise zones will further encourage miners to move to Miami and incentivize the creation of jobs and investment.

Suarez is targeting Chinese miners because of the delicate situation they’re currently facing. Ever since the Chinese State Council released a statement declaring that the government would crackdown on bitcoin mining, the industry has met some challenges.

For instance, Bitcoin miners in the Xinjiang province, which is home to one of the major economic and technological development parks in the country, received a notice last week demanding that their operations be shut down. The Zhundong park houses some of China’s most significant bitcoin mining facilities, all powered by fossil fuel energy.

If such bitcoin mining operations moved to Miami, not only would Bitcoin’s carbon footprint be reduced due to the American city’s nuclear power source, but it would also initiate a step further into a greater decentralization of bitcoin mining. And while Miami’s capacity to house many bitcoin mining farms is not yet proven, Suarez is optimistic and has been taking significant steps for this move to become a reality.

Source: Miami Mayor Wants to Bring Chinese Bitcoin Miners to Florida – Fintechs.fi

Newsletter

Related Articles

0:00
0:00
Close
California County Reinstates Mask Mandate in Health Facilities as Respiratory Illness Risk Rises
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
French Political Turmoil Elevates Marine Le Pen as Rassemblement National Poised for Power
China Unveils Sweeping Rare Earth Export Controls to Shield ‘National Security’
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
×